Consumers Financial Announces Growth and Development Goals; Plans OTC Bulletin Board Listing

Consumers Financial Announces Growth and Development Goals; Plans
OTC Bulletin Board Listing 


CEDARHURST, N.Y., Aug. 9  /PRNewswire-FirstCall/ -- Consumers Financial
Corporation (OTC Pink Sheets: CFIN) ("CFIN") today announced that it has
completed its strategic business plan and its corporate reorganization and is
in position to move forward.

Jack I. Ehrenhaus, Chairman of the Board, stated, "Since the time that
President Donald J. Hommel and I took control of CFIN, we have been busy
looking for strong acquisitions and cleaning up regulatory matters.  We plan to
file for an OTC Bulletin Board listing later this month and expect some major
announcements in the near future."

Mr. Ehrenhaus further stated, "CFIN has been reorganized to operate as an
investment holding company with financing operations.  Our objective is to
acquire, through investment, interest in companies where there is a solid
business model, strong management and financing opportunities.  If successful,
we will add to the company's portfolio businesses that have solid profit
margins, unique technology and growth potential that will materially benefit
from modest infusion of capital or credit facilities.  We will rely upon Mr.
Hommel and my substantial business experience and network of resources to find,
acquire, finance and manage businesses that we believe will add value to
shareholder holdings.  We believe we have a unique space in the business mix
because we can and will move into ownership position with small companies
before they appear on the radar screen for larger companies in the acquisition
mode."

CFIN is a 40-year-old financial lending organization that was substantially
dissolved when previous management reached retirement age. Ehrenhaus and Hommel
took control with a mission to acquire companies where management is
exceptional, products are proprietary, profit margins are above average, and
where these companies can benefit from CFIN's financial assistance, either
through equity or credit facilities.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995

This press release includes certain forward-looking statements within the
meaning of the United States Private Securities Litigation Reform Act of 1995.
These statements are based on Consumer Financial's management's current
expectations and are subject to risks and uncertainties and changes in
circumstances. All forward-looking statements included in this press release
are based upon information available to Consumers Financial as of the date of
the press release, and it assumes no obligation to update or alter its
forward-looking statements whether as a result of new information, future
events or otherwise. Further information on the risks that could affect
Consumer Financial's results of operations is detailed in its filings with the
United States Securities and Exchange Commission, including the Annual Report
for the year ended December 31, 2003. 

DATASOURCE: Consumers Financial Corporation



CONTACT:  Howard A. Scala, President, Wall Street Communications, Inc.,

[phone], for Consumers Financial Corporation

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